Tuesday, January 26, 2021
Home Industry Releases Navistar Confirms Receiving Unsolicited Acquisition Proposal from TRATON

Navistar Confirms Receiving Unsolicited Acquisition Proposal from TRATON

LISLE, Ill. — Navistar International Corporation (NYSE: NAV) on Jan. 30 confirmed that it has received an unsolicited proposal from TRATON SE regarding a potential transaction to acquire the company for $35 per share in cash.

Consistent with its fiduciary duties, Navistar’s Board of Directors, in consultation with its financial and legal advisors, will carefully review and evaluate the proposal in the context of Navistar’s strategic plan for the company, in order to determine the course of action that it believes is in the best interest of the company and its stakeholders.

Navistar advises its shareholders to take no action, and no shareholder vote is required at this time.

There can be no assurance that any negotiations between Navistar and TRATON regarding this proposal will take place, and if such negotiations do take place, there can be no assurance that any transaction with TRATON will occur or be consummated.

Navistar does not intend to make any additional comments regarding the proposal unless and until it is appropriate to do so or a formal agreement has been reached.

About Navistar

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International brand commercial trucks, proprietary diesel engines, and IC Bus brand school and commercial buses. An affiliate also provides truck and diesel engine service parts. Another affiliate offers financing services. www.Navistar.com

January 2021

The first issue of 2021 contains articles on uptime, the use of video for training purposes, parents’ thoughts on...

Buyer’s Guide 2021

Find the latest vehicle production data and budget reports, industry trends, and contact information for state, national and federal...


Did you attend a virtual conference in 2020?
97 votes